Euro-Kaput: 'Euro could be dead by end-November'

From: RussiaToday on 6 Nov 2011
http://youtu.be/7ID8OwpL2Ls
Greek PM George Papandreou is aiming to form a coalition government and push through an international bailout package. However, Patrick Young, executive director of investment advisory firm 'DV Advisors' views the situation as a political disaster.

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The Euro elite are totally out of touch with the modern world
The realities of 21st-century politics are finally catching up with the guardians of the single currency.
By Matthew d'Ancona

9:00PM GMT 05 Nov 2011
It is extraordinary to recall that, until June last year, HM Treasury still had a "euro preparations unit", finally abolished in George Osborne's emergency Budget. This was the last, fossilised remains of the "prepare and decide" strategy adopted by New Labour, the premise of which -- at least in the Blair years -- was that Britain should and would join the single currency at some point in the future.

In past weeks, we have grown used to the eurozone as supplicant: the garlicky tramp on the pavement with a piece of cardboard on a string round his neck, bearing the words: "Will work for bail-out." Even now, Osborne's team is working on a host of contingency plans, to be triggered by crises ranging from Greece's exit from the single currency, to the full-blown collapse of the eurozone.
http://www.telegraph.co.uk/news/worldnews/europe/eu/8871973/The-Euro-elite-ar...
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Treasury minister says euro zone crisis hitting economy
LONDON | Sun Nov 6, 2011 10:11am GMT

(Reuters) - Treasury minister Danny Alexander said on Sunday the euro zone crisis was hitting business confidence, although the recent G20 summit in France had made positive steps.

"Of course the situation in the euro zone is very serious, it's one that has an affect on business confidence here," he told BBC television.

"After all, three million jobs in the UK depend on our trade with the European Union, and those people and those businesses are affected by the uncertainty. Equally of course, having a resolution to the euro zone crisis is in a sense the most important thing that can happen to the UK economy this autumn."
http://uk.reuters.com/article/2011/11/06/uk-britain-alexander-idUKTRE7A50LH20...

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